Chevy Chase Trust Holdings Inc. reduced its position in Waste Management Inc. (NYSE:WM) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 343,484 shares of the company’s stock after selling 13,028 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.08% of Waste Management worth $21,900,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in WM. Sabal Trust CO increased its stake in Waste Management by 2.5% in the second quarter. Sabal Trust CO now owns 370,604 shares of the company’s stock worth $24,560,000 after buying an additional 9,088 shares in the last quarter. PGGM Investments increased its stake in Waste Management by 5.2% in the second quarter. PGGM Investments now owns 879,096 shares of the company’s stock worth $58,258,000 after buying an additional 43,136 shares in the last quarter. Shell Asset Management Co. increased its stake in Waste Management by 1.0% in the second quarter. Shell Asset Management Co. now owns 303,191 shares of the company’s stock worth $20,092,000 after buying an additional 3,081 shares in the last quarter. Vestor Capital LLC increased its stake in Waste Management by 0.3% in the second quarter. Vestor Capital LLC now owns 118,787 shares of the company’s stock worth $7,872,000 after buying an additional 365 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in Waste Management by 123.3% in the second quarter. Retirement Systems of Alabama now owns 468,635 shares of the company’s stock worth $31,056,000 after buying an additional 258,794 shares in the last quarter. 75.80% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

Waste Management Inc. (NYSE:WM) opened at 68.90 on Friday. The company has a market cap of $30.45 billion, a PE ratio of 27.65 and a beta of 0.72. The stock has a 50 day moving average of $63.50 and a 200 day moving average of $63.69. Waste Management Inc. has a 52 week low of $50.36 and a 52 week high of $70.50.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The firm earned $3.55 billion during the quarter, compared to the consensus estimate of $3.50 billion. Waste Management had a return on equity of 24.07% and a net margin of 8.36%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. Equities research analysts predict that Waste Management Inc. will post $2.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be issued a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.64 annualized dividend and a dividend yield of 2.38%. Waste Management’s payout ratio is currently 65.34%.

A number of analysts have recently weighed in on WM shares. Bank of America Corp. raised shares of Waste Management from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Monday, October 31st. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Tuesday, September 27th. Barclays PLC raised shares of Waste Management from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $63.37 to $70.00 in a research report on Monday, November 7th. Wedbush downgraded shares of Waste Management from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $73.00 to $68.00 in a research report on Thursday, October 13th. They noted that the move was a valuation call. Finally, Macquarie initiated coverage on shares of Waste Management in a research report on Thursday, August 25th. They set a “neutral” rating and a $69.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $68.23.

Waste Management Company Profile

Waste Management, Inc is a holding company. The Company provides waste management environmental services. The Company’s segments include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services.

5 Day Chart for NYSE:WM

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